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had. france looks a lot more like the united states, frankly. the western hat name in the last decade is also true you do see it. i haven't done this kind of analysis because as data aren't available to me for other countries. but all the normal indicators of how well those economies are performing say that they've been underperforming in much the same way the united states has been underperforming for the last decade, which it can lends credence to the notion that the this is about is globalization and information technology in the ship and the relative value of intangible assets is tangible assets. >> isn't the real point of difference in the health care you are making quick >> there is a big difference in health care. you're right. [inaudible] >> mind this kind of two-pronged two-pronged -- [inaudible] [inaudible] [inaudible] >> well, on the question of women's earnings, yes, the fact that women are the primary caretakers of children in society as compared to their husbands and a lot of women with children don't have husbands, is certainly a factor. and i felt the biggest factor he
-- that the united states provide. we are per expect we can't see perfect. we have brought enormous amount of public goods. your kids will grow up in a different world. and so that's what i've been to cussed on on than what are the source of our strength and how we new them. you can't renew those sources of strength without some kind of political comprise. now i would argue that we're actually two decisions two big decisions away from a melted up in the american economy. if we get a decision on the grand bargain, the kind of ten year time frame we would manage the cut and spending and tax increases and in investments, we need do all three. we need to tax, cut, and invest in the source of our strength. i think that would have a huge effect. i think americans today feel in many ways like children of two divorced parents. i think it's a pal in the country in a lot of ways. it would be huge. if we got a grand bargain on energy how to exploit the boundary of -- i think the two together would have a huge impact. so the question is how close are we to that? and, you know, i have a saying about the middle e
to accept the right of a sovereign state, a member of the united nations as a viable state, a state which is legitimate, is unacceptable from any point of view. from any aspect and angle whatsoever. we cannot accept the iranians will be allowed to legitimize another state whatever it is. and certainly not from our point of view not israel. they will have swallow two bitter pills not one. one pill will be the pill of the threat nuclear threat and the other will be the threat of accepting israel right to exist. despite the rhetoric we are hearing from teheran, i believe that many iranians in places of power understand that israel is here to stay. they realize that israel not going disappear as it will not disappear. and therefore, they will have to come terms with this reality. and these two elements means to say in order to achieve the aim, you have to find ways of giving them what did i say a few minutes ago? to resort to the use of dignity. it's a different good thing to do. it's very difficult. i'm not saying it's going to be easy. i think it's something we have to do. because we have t
powder with the maritime powers, like brittany is to be our today, the united states. and then, there is an american and he put these two ideas together. and where the two great powers, the land power and d.c. power come together, he called the shout about. and the middle east is located in one of the world's great shutterbugs. the interesting thing is about them is that small states have the ability to shift the power from one large side to the other, simply because it depends on which side they're on or which side they decide to shift two. in the middle east, the old part with syria and is today. but, after the fall of the soviet union, after the end of the cold war, there was another heart. since the entire east were taking place at that time, when the circulation state joined the middle east, when afghanistan pushed the edge of the middle east. and so today, we have a second part inside the middle east and that is iran. and those two cards, with their particular allies are causing this growing second global cold war. now the first indication we have is that is the reincarna
to the world of finance and business in the united states. the wait is going to work today to see and i are going to have this conversation for a few minutes and then we will open it up to you for your questions. one or two conflicts of interest in the table. jpmorgan chase is a corporate member of the council on foreign relations. whenever a 175 corporate converse amanda shareholders the company. i'm forsch landed distinct minority shareholder and i wish it weren't have to present a conflict, but alas it's not. so there you go. mr. dimon is suspect and if you know is that greek heritage. in the last 24 hours the chancellor of germany has been visiting the country of your ancestors of their forebears. how worried are you and what it might mean, not just for grace and not sonatas for europe, but because of globalization and economic linkages for the united states and for your own institution. >> thank you for your introduction. my ancestors 1915 chemists you can't blame me for what's going on there. as a sidenote now, meant my grandfather coming home years ago and greeks from both sides
for the united states to do. not a smart thing. you're going to turn him into a martyr, a martyr in the eyes of people all around the world, that doesn't advantage the united states. and i think the u.s. has already made a number of mistakes in this case with overkill and overaggressive accusations against him, which he's used very much to his benefit. i mean, if you looked at the asylum decision that was given by the ecuadoran foreign minister consisted o after long recitation of things that were said by public affairs spokesmen, by department of defense, by american diplomats, american public officials and so on. i was just listening to this, like, stunned at it. so it just seems to me that that would backfire. >> so questions from the audience in the short time we have here. anybody want to ask anything? there's a question back here. >> on the subject of leaks, i think we have to ask "the new york times" how often do you get leaks that are just so egregious from a national security point of view that you just step back from? i'm sure you get a lot of boring stuff that you just don't want
partiers can perceive and how did they conceive of entitlement programs and united states? we first asked about responsibility. it was primarily responsible for saving for retirement? 72% of tea partiers that that individual should be primarily responsible for saving for retirement compared to 6% so the majority and 56% of non-tea party supporters. we also asked about a day care, slightly less, but still 59% of tea partiers also so individuals primarily responsible for paying for health insurance when they retired. we talked about opting out of entitlement programs in social security and overwhelmingly and almost 31st of the tea party and this is fine. less than half of everybody else agrees. the same is true of medicare. so this led me to wonder, what explains the polling out there at the show's tea partiers are unwilling to cut social security and medicare in order to balance the budget. everybody knows that the main drivers of our future in the future budget deficit will be the result of our entitlement programs unless we change them. by winnebago movement that says they are against bi
, that is a date, agreed with that come a few years later the united states passed the reformation act 97 to to two opposed that decision. >> i just want to adhere the justice khalil once compared me to robespierre. [laughter] >> are you bragging are complaining? dana and i are old friends. there is religious freedom restoration act was sponsored by two people, the most conservative, ted kennedy of massachusetts and orrin hatch of utah. anyway, so also i have been very upset that some people, even in this country, but even in germany of putting restrictions on the revision that practice female circumcision. i just think that's atrocious. but there is a more extended concept of religious liberty, refers not to crack as for his own adherents, but to church or religious organization that have employees that do not belong to their religion. i will speak here from the roman catholic perspective and address this question with regard to catholic institutions such as hospitals, colleges come in terms of providing contraceptive health care, contraceptive health care insurance for its employees. this obvious
wonder why that is? >> they don't want to involved in this. united states don't want to get involve in these things right now, and so turkey, with turkey's strong response, it's really trying to then draw, lay the tracks for the syria, and then hire civilians, and then say look what's going on to the western powers. turkey's in a bad dilemma right now. i would not want to be there at this point in time. >> [inaudible] >> just what -- i don't know, i have not seen the areas. what i read, you know, it's been burned, damage to the -- a beautiful place when i visited there, and everybody that loves syria, you know, loves the middle east, islamic monuments and whatever, we cry every day about what happened. we grieve. >> yes mapp in the front. >> thank you. mark from george mason university. thanks for the conversation. i'm intrigued by the suggestion that a solution could be allowing the regime to retreat to the all white heartland on the coast. i'd like to press you on how we could insent vise them to do it. it's like you're offering a carrot, but in this situation, a stick has to be a
established a red line. in early september of 1962, he publicly said that the united states the installation of offensive weapons which everyone understood to be missiles on the island of cuba. john f. kennedy when you look at hiss h him as a president, wanted to keep us away from the brink of war versus close to it. most policies were designed to push the nuclear threshold away. why would he draw a red line that would actually make it likely that there might be a nuclear confrontation. he did it because he thought the soviets weren't going to do it. he used a back channel to speak with the soviet leadership and had said, look, you know, i have heard rumors that there will be missiles in cuba. we assume you're not doing that because you know what the consequencie ins will be. the soviets mounted a fine deception campaign said we would never put missiles in cuba thinking they would never put missiles in cuba or that at least his public statement would deter them from any future effort to do so he goes public in early september. that's a big problem for him. there's a midterm election in 1962.
in the united states the way we divide of politics in the and the way we divide governance as different layers. we have levels of government. the local is arguably in many ways the most responsibility. this is a fact that is dawned on me in numerous respects. i'm from new york city from the south bronx, community were a lot of doors don't get knocked on, community where do rose have been carved by policies that were made decades prior to the press and in many years in the future will create the lines in the sand of what representation you happen what sort of action you have said to me these issues are pressing but yet in a similar way i've edited it enormously from my own community, where i was raised. my family and my environment and to me the value of the local and about the city and i am partial to the urban environment. i love it and that is why a study of. i went to public schools my whole life and it was from the teacher who said hey you might like doing this and spent time after school and they introduce me to an excellent opportunity or someone who sat after school with me and went thr
and public life in the united states. there are any number of ways that the catholic vote might be analyzed we have had the chance to see some of those today. what i'd like to do is present some of the highlights of a report we recently published that as i mentioned takes up the question of whether or not catholics institute swing vote. by swing vote, i mean, closely divided and capable of swinging from one party to the other from election to election. i do know there are other ways to use this term but that's how i'll use it today. and as you all know, we often here catholics refer it as a swing vote or crucial swing vote. and in some sense, there's good reason for this. in recent elections, catholics have instituted a large group. they accounted for about a quarter of the elect rate in recent years. they have been closely divided in recent election as you can see here. and they have generally tended to side with the winning candidate although as mark points out it's tough to say they always do that. that can be a bit of an overstatement. in general, they are as mark pointed out, a good be
and amanda seems to be ready to be president of the united states. maybe because mitt romney has achieved a great deal in his life and has been successful in everything he's done and barack obama never really was prepared to be president of the united states. we took a chance. we took a chance on a man whose resume would not have been approved to be head of any corporation in this country. a man who never ran a business. a man who never ran a military unit. a man who had no practical experience. you know, sometimes somebody can have these talents to be a great executive never had a chance to show it before. well, he got his chance. we have the highest unemployment for a sustained period the great depression. now we have the chance to the man has been successful in life and the way that can pursue self, where you put practicality ahead of ideology, which is a president ultimately has to do. even the president i love the most common of us conservative we've had in the last 20 years always put practicality ahead of everything when he was making decisions for the american people. so i think t
you some advice. look at scheuer pension. you have investments in china, outside the united states. >> were way off topic, mr. romney. >> if i were talking about immigration. >> affected every sit down, governor romney, thank you. >> president bush and i are different people and these are different times and that is why my five-point plan is so different than what he would've done. for instance, we can have the virtue of new technology actually get all the energy we need in north america without going to the arabs or venezuelans anyone else. that's why my policy starts with a very robust policy to get all that energy in north america and become energy secure. number two, trade. all crackdown on china, president bush didn't. automatically expand trade in latin america. it's got about 12% of a long period of time. i want to add more free-trade agreements to to have more trade. number three, i'm going to get us to a balanced budget. president bush didn't. president obama was right. he said that was outrageous to have deficits as high as half a trillion dollars under the bush years. he
in the united states. and the eurozone governments, particularly germany, acts in a cooperative way to fund a weak european sovereign debt. further, the european banks raise the course of the capital they have to raise. and the ecb takes off troubled loans and they earn money with a positive yield slow curve. the european financial institutions are earning their way out of the hole. let me just say that there have been two schools of thought. one school of thought has been that the problem is so complex, so difficult to understand that it exceeds one bandwidth then they don't want to invest. the second school of thought, which i perceive would be 45 years and investing, everybody believes that it generally doesn't hit. so maybe it was an wasn't easy way out. what i have been saying is that the breakup of the year awards eurozone, the ecb, the imf, 70% funded by the united states, germany, france, japan, will all chip in to do what they have to do to kick the can down the road. and we will not have a catastrophic outcome in europe. it is still my belief. when people start to think more about
president of the united states at that moment. there was so. that night george bush is going to the state of the union, the dull affair, the last state of the union with god popularity. you can see that contrast, you know. i'm not an, kathleen sebelius is the counter dresser and comes out and endorses the president the next day or a couple days later. we didn't need an election to win. we had a moment were overcame out and mrs. obama came out and maria shriver came out. so there is just this going on at the time menu which had these pictures. one more example of this come the foreign trip we had. he was meeting with heads of state, with teens, he did this rally with 215,000 people in berlin. and you know, these pictures at how much with john mccain on three bush restored. some enduring something in his car. we were in germany with this big crowd. she goes you know, his first day on that trip he sees a three-point shot in turn of the troops with george h.w. bush at a country club on a golf these kinds of pictures coming in now, i think started from these two people who really understood la
of yale law school on the supreme court. there are apparently no other law schools in the united states. [laughter] besides those two. no, it is a bizarre and unfortunately fact, i think. but those are, i hope, interesting facts about the supreme court. but frankly, i don't think they're very important. here's an important fact. about the supreme court. there are five republicans and four democrats. i will speak for somewhat longer, but this is basically all you need to know. [laughter] if be there's a takeaway here, i have gotten to the point early. there are five republicans and four democrats, and that really tells you much of what you need to know. and it is true that the justices wear robes because they're supposed to look all alike, and they're supposed to look, you know, it's supposed to give the perception that they're all pretty much the same, but just as on the other side of first street the united states congress is deeply divided according to party, so is the united states supreme court. and this is a moment of real partisan division at the supreme court, um, and that is ex'
2.1 million small businesses in the united states of america. that is the federation of independent businesses. we have to provide them the certainty and stability and that is what i am fighting to do. that is what they've told us. >> rebuttal of the cpa status, 30 seconds? >> i am a certified public accountant in the state of colorado. i had my license and my pocket. i was endorsed and i am an active member. i am an active member of the florida institute of cpa and an active member of the american institute of cpas. not only am i a member of those but they have endorsed my candidacy. so, i am a certified public accountant in the state of colorado. i have never had that. >> any follow-up? jonathan, your question to the, this man. >> congressman, you can hand against the federal stimulus package that barack obama has largely touted throughout his tenure. explain what your alternative that it would be to creating jobs if that is not the right method. west: it would mean a would go to the job creators and we would give them the right to the talks was the obligatory policy and enable th
authority, which is a flat statutory prohibition in the united states doing so. some people tell me the answer to the contradiction would be that congress would intervene and fix this somehow. if you will find the congress that fixes anything anytime, you let me know. but the law is very clear. could the fed somehow override that barrier and step in? maybe. title 11 and dodd-frank doesn't get a lot of attention. it cars the fdic from doing what he did quite definitively. at the very least it's hard if not impossible. you have this bad situation and more markets are engaging in ongoing moral hazard, accounting for some of this funding differential that simon rightly references. at the same time, they are plain and morally without the safety net that would save them from their sins, meaning that market shock in the case of either operational solvency or liquidity risk any large institution would be worse. it would be a limit on steroids. what a naco back to irenic liquidation authority. could it work in cross-border situations? definitive work in cross-border situations? not well hear
in with the president of the united states and throw a few punches and take a few munches. obama seemed sleepy. the guy who showed up at convention to give that speech. a lot of us watched obama's speech at convention. seems off his game. seems like sleep walking. felt that same guy was here tonight. glen will tell us about that. one of the favorite stories, "politico", trademark store which we do, one of the things she will include in her story, barack obama left a lot of best lines on table. did not say 47%. did not talk about bain. mitt's tax returns. some i think more effective attack lines on the table. didn't mention any of those things tonight. megyn talk about that. cautionary note about maggie. remember, john kerry had a really good first debate against george bush. accused of sleep walking in that debate. bush went on a long bike ride that day. was a little bit tired. bush came back in next two debates and cleaned up and obviously went on to win. >> history of incumbent presidents losing first debate. we saw that with president reagan when he was running for re-election. these guys, they're n
. and that is an imperative for the united states, and i think that's what we will get. >> okay be back the best possible outcome as we get past the election and i think he will do so. [laughter] even if we don't get anything done in the lame-duck session, even if we are only able to temporarily extend any new policies that we don't want to take effect and, at the same time, early next year, put into place greater budget discipline for the future and a commitment to something, at least the framework of a deficit reduction package that has the hope of getting bipartisan support. >> to avoid recession, find a way to increase the debt limit so we avoid some of the painful posturing to win on the last time around. and at the end of this, it would be nice to come out, as we talked about earlier, is a conception of what the tax code actually is and there may be some things that are temporary. having a sharp line distinguishes those from that which is permanent would be very helpful for the policymaking process. >> i think that the best outcome would be a two-stage process. .. [applause] [inaudible conversation
's a problem at all. >> whoever's president of the united states will have to deal with a lame-duck session of congress and we have the fiscal issues. let's assume obama is reelected. what you think will happen then and let's assume that romney selected and what do you think will happen in the lame-duck then? >> i think, so much depends on who is elected and what the margin is and who is going to take which seat or go i see a holding action in the lame-duck with nothing definitive, unless the president nor mitt romney comes in with a very convincing when and just has the sort of moral authority that comes with a wave election either direction. right now, and i don't think we see that, chris said maybe it could happen. i'm sorry, mike said maybe it would have been for romney if all the stars are in alignment. >> for all the talk of the fiscal cliff it will be pushed off for six months and in addition if you have a wave election would mean and what boehner said the other day, that he had a problem with the idea because a wave election there is going to be the change in the makeup of the house
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